Corfac News

09 052016

Core property segments and services: Sales and leasing of commercial real estate, including industrial, office, retail and multifamily, commercial development projects and commercial and residential property management.

Market areas served: Saskatchewan is our primary market. Within the province Saskatoon and Regina are the two main cities in which ICR has offices. We also service all secondary markets within the province.

Member of CORFAC since: 2014

Key Principals:

Images can be used by Barry Stuart Real Estate - Not for resale

Barry Stuart, Managing Partner Saskatoon                             (306) 933-2929

David Stobbe /

Jayson Elenko, Managing Partner, Regina                            (306) 664-6116 











How long has ICR Commercial/CORFAC International been in the industry? Ashford Realty was founded in 1986 by the three founding partners. In 1993 the Ashford name transitioned to ICR Commercial Real Estate. ICR has a strict non-compete policy which prohibits its agents from owning commercial property within the agent’s primary market. In 2016 the company was purchased by eight long-time employees who continue to operate under the ICR/CORFAC International brand.

Who are your most notable clients and what do you do for them?

Cameco Corporation – Office and industrial sales and leasing
Cara Food Group – Retail leasing
McDonald’s – Retail leasing
Burger King – Retail leasing
Triovest – Retail and office leasing
Dream Office Management – Office and retail leasing
Matrix Equities – Industrial and retail leasing

What were your most notable transactions of the past year?

Largest Industrial Land Sale – $10.8 million, approximately 23 acres, land was purchased by Matrix Equities Inc. in order to build the next phase of the Matrix Business Park, which will consist of an additional 400,000 SF.

Largest Office Deal – Sale of Saskatoon Square, a 228,780 SF office building for $50 million

Largest Retail Deal – Sale of Confederation Mall, a 329,128 SF enclosed mall for $27 million

Largest Industrial Deal – Sale of North 48, a 265,000 SF industrial complex for $18.2 million

What makes your firm a go-to solution for clients in your market? ICR is an industry leader within the province of Saskatchewan. We provide our clients with the market data of a national company with the in-depth expertise and knowledge of the Saskatchewan marketplace. We like to point out to our clients that we do not have doors on our offices. This fact demonstrates the collaborative approach our 24-agent team applies to assignments.

What do you value about your CORFAC membership and why do you stay affiliated with the network? Access to a worldwide network of professional brokers who we trust. Attending the semi-annual CORFAC conferences keep us informed of the latest industry trends and provide us with the opportunity to brainstorm solutions to industry challenges.

What would you like CORFAC members to know about your firm? We believe our culture is somewhat unique within our industry. We have three separate brokerage offices that collaborate well with each other rather than compete with each other.

Locally Owned. Globally Connected

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 49 offices in the U.S., 5 in Canada and 17 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Japan, Mexico, Romania, Russia, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 620 million square feet of space valued in excess of $8.2 billion in 2018.